- Altcoin rose after 21Shares filed an ETF application with the U.S. SEC.
- The filing indicates growing institutional interest in RWA tokens.
- Binance US listed ONDO, fueling further upward momentum.
The native token of Ondo Finance signaled a breakout even as broader markets cooled, driven by two major developments.
First, asset manager 21Shares filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to ONDO.
Second, Binance US confirmed it would list the altcoin, with trading scheduled to begin on July 23.
ONDO jumped from a daily low of $1.0583 to $1.1642, a roughly 10% intraday gain as the bullish news sparked renewed buying.
ONDO sits at the center of Ondo Finance’s mission to bring traditional assets on-chain.
With interest in real-world-asset (RWA) platforms surging, the combined moves by 21Shares and Binance US present an attractive on-ramp for both retail and institutional investors seeking exposure to Ondo’s tokenized products.
Cryptocurrency markets have seen increased institutional appetite, with major firms showing greater involvement in tokenization and on-chain financial products.
Ondo has forged notable integrations: Mastercard selected Ondo Finance as a provider for its first RWA product, and Ripple has used blockchain capabilities to launch asset structures on its XRPL ecosystem.
21Shares files to launch an ONDO ETF
21Shares’ recent ETF filing elevates Ondo’s institutional profile and underscores traditional finance’s serious interest in tokenized assets.
The filing with the SEC highlights the asset manager’s focus on compliance and innovation across the RWA and DeFi sectors.
Unlike many crypto-native offerings, an approved ETF would give investors regulated, broker-accessible exposure to ONDO without requiring direct custody on crypto exchanges.
Ondo Finance remains a leading protocol for tokenizing real-world assets such as U.S. Treasuries, credit instruments, and bonds onto blockchains.
Last week, Ondo announced a collaboration with BNB Chain to introduce tokenized equity products in the United States, further expanding its on-chain product suite.
The proposed 21Shares ETF would allow mainstream investors to gain ONDO exposure through licensed trading venues, offering a familiar vehicle for those who prefer regulated market access.
Binance US lists ONDO
Binance US, a major U.S.-based cryptocurrency exchange, confirmed it listed the Ondo Finance token on its trading platform.
Deposits on the Ethereum network opened prior to trading, with the ONDO/USDT pair scheduled to go live on July 23.
We are excited to announce that ONDO is now listed on Binance.US! Deposits for ONDO on the Ethereum network are now open. Trading for ONDO/USDT will begin on July 23, 2025, at 4 a.m. PST / 7 a.m. EST.
The listing is significant because it makes ONDO easily accessible to a large U.S. retail audience and typically serves as a catalyst for greater liquidity and visibility for listed tokens.
U.S. users can now trade ONDO without relying on offshore platforms or decentralized exchanges, simplifying on-ramps for many investors.
ONDO price outlook
The Ondo Finance native token captured attention amid these optimistic developments.
After a brief pullback from intraday highs, ONDO traded around $1.11, supported by a spike in 24-hour trading volume that underlines renewed interest in RWA tokens and suggests momentum may persist.
Technical indicators point to a short-term shift in momentum. On the 3-hour chart, the MACD shows a bullish crossover with a green histogram forming, signaling buyers stepping back into the market.
Additionally, the Chaikin Money Flow has trended upward over the past week, reflecting increased accumulation of ONDO.
These signals suggest growing confidence in the token’s near-term performance. Market participants are eyeing a recovery toward late-January price levels above $1.60.
Clearing that resistance could pave the way for a move toward the psychological $2.00 mark, contingent on sustained volume and broader market conditions.
Overall, the combination of a potential ETF filing and a major U.S. exchange listing has strengthened Ondo Finance’s narrative as a major player in tokenized real-world assets, creating both accessibility and institutional credibility for ONDO.